Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac. Continue reading
Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital. Continue reading
It’s not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts said. Continue reading
Regional banks have largely weathered the crisis fueled by this year’s failures of Silicon Valley Bank, Signature Bank and First Republic Bank by pursuing mergers and boosting deposits through third-party brokers. Continue reading
The Tesla CEO just predicted a coming collapse in the housing market, but Redfin CEO Glenn Kelman and other experts say the conditions that would lead to a meltdown just aren’t there. Continue reading
Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they’re calling off their merger. Continue reading
Berkshire Hathaway Vice Chair Charlie Munger warned of “trouble ahead” for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning. Continue reading
Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday. Continue reading
The deal includes the purchase of approximately $72 billion in loans at a discount of about $16.5 billion, along with the transfer of all of the bank’s deposits totaling about $56 billion, according to the FDIC. Continue reading
Mortgage rates expected to ease even as Fed vows to continue “quantitative tightening” that’s trimming mortgage holdings by $35 billion a month. Continue reading